Caterpillar reports q2 earnings per share $0.84

Caterpillar reports second-quarter 2020 results.q2 earnings per share $0.84.q2 sales $10 billion versus refinitiv ibes estimate of $9.38 billion.q2 earnings per share estimate $0.64 -- refinitiv ibes data.not providing a financial outlook for 2020 at this time..financial results for remainder of 2020 will be impacted by continued global economic uncertainty due to covid-19 pandemic.as of mid-july 2020, globally and across 3 primary segments, nearly all primary production facilities continued to operate.caterpillar - dealers decreased machine and engine inventories about $1.4 billion during q2 2020, compared with increase of about $500 million during q2 2019.expense for corporate items and eliminations was $580 million in q2 of 2020, an increase of $89 million from q2 of 2019.decline in qtrly sales was due to lower sales volume driven by lower end-user demand and impact from changes in dealer inventories.at the end of q2, past dues at cat financial were 3.74%, versus 3.38% at the end of q2 of 2019.as of june 30, cat financial's allowance for credit losses totaled $515 million, versus $457 million at march 31.
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